Hospitality Properties Trust Issues 200,000 Common Shares Pursuant to Over-allotment Option

June 24, 2005

NEWTON, Mass.--Hospitality Properties Trust (NYSE: HPT) today announced that it has sold 200,000 common shares of beneficial interest at a price of $44.39 per share pursuant to an over-allotment option granted to underwriters of its recent equity offering which priced on June 3, 2005.

The joint book running managers for this offering were Merrill Lynch & Co. and Wachovia Securities. The joint lead managers for this offering were Morgan Stanley, RBC Capital Markets and UBS Investment Bank. The co-managers for this offering were Legg Mason Wood Walker, Incorporated, Ferris, Baker Watts, Incorporated and Stifel, Nicolaus & Company, Incorporated.

This communication shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these securities in any state in which the offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of that state. Copies of the prospectus supplement and related prospectus may be obtained from the offices of Merrill Lynch & Co., 4 World Financial Center, New York, New York 10080 or from Wachovia Securities, Attn: Prospectus Department, 7 St. Paul Street, 1st Floor, Baltimore, Maryland 21202; or from the offices of any of the managing underwriters identified above.

Hospitality Properties Trust
Timothy A. Bonang
617-964-8389
Manager of Investor Relations
www.hptreit.com

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